Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Pacific Resource Credit Union C/O Nuvision Federal Credit Union
990 • Fiscal year 2011 • EIN 95-1768315
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.91x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$95,173,364
Down $5,796,112 (-5.7%) from 2010
Net Assets
Down$8,195,443
Down $497,274 (-5.7%) from 2010
Liabilities
Down$86,977,921
Down $5,298,838 (-5.7%) from 2010
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$6,165,073
Down $224,645 (-3.5%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- Nov 13, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $5,068,251
Mission and Program Overview
Mission
A cooperative, organized for the purpose of promoting thrift andsavings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, pacific resource credit union conductsits business for the mutual benefit and general welfare of itsmembers with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.
Major Activities
- Activity 2
- Maintained positive net interest income to encourage member savings and borrowing.
- Activity 3
- Minimized the impact of potential loan losses on the slate of products and services offered to membership.
Filing and Contact Details
Filer
- EIN
- 95-1768315
Raw XML AppendixShowing 400 of 418 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED" OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. AT JUNE 30, 2012, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2007 AND BY STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2006. FOR THE YEAR ENDED JUNE 30, 2012, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | PACIFIC RESOURCE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. PACIFIC RESOURCE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE GOVERNING BOARD OF PACIFIC RESOURCE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | EACH BOARD MEMBER RECEIVED A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | EACH YEAR THE CREDIT UNION PROVIDES ALL EMPLOYEES AND VOLUNTEERS WITH A COPY OF ITS CODE OF ETHICS/CONFLICT OF INTEREST POLICY. IT REQUIRES THAT EACH EMPLOYEE AND VOLUNTEER ACKNOWLEDGES THEIR RECEIPT AND THEIR UNDERSTANDING OF ITS CONTENTS BY SIGNING AND FORWARDING TO THE CREDIT UNION THEIR INDIVIDUAL DISCLOSURE STATEMENT. IN THIS STATEMENT EACH VOLUNTEER AND STAFF MEMBER EITHER ATTESTS TO HAVING NO CONFLICT OF INTEREST OR AGREES TO DISCLOSE ANY CONFLICT OF INTEREST THEY MIGHT HAVE AT THE TIME. THEY ALSO AGREE TO DISCLOSE ANY CONFLICT THAT MIGHT ARISE IN THE FUTURE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE BOARD COMPENSATION COMMITTEE PREPARES THE APPROPRIATE SALARY/COMPENSATION SURVEY FOR THE CEO POSITION. INDIVIDUAL PERFORMANCE CRITERIA IS REVIEWED AND SET BY WHICH THE CEO IS TO BE EVALUATED ON AN ANNUAL BASIS. THE COMMITTEE ESTABLISHED A GRADED RANGE WITHIN WHICH THE APPROPRIATE ANNUAL COMPENSATION FOR THE COMING YEAR IS SET ACCORDING TO THEIR EVALUATION OF THE CEO'S PAST PERFORMANCE IN ACHIEVING THE PREVIOUS YEAR'S GOALS AS SET BY THE BOARD. THE DETERMINATION OF THE OTHER OFFICER'S COMPENSATION HAS BEEN DELEGATED BY THE BOARD TO THE CEO. EACH INDIVIDUAL'S PERFORMANCE IS REVIEWED ANNUALLY AGAINST ESTABLISHED CRITERIA FOR EACH POSITION AS WELL AS THEIR PERFORMANCE IN ACHIEVING THEIR ASSIGNED GOALS. A GRADED SALARY RANGE HAS BEEN SET FOR EACH POSITION AND AN ANNUAL COMPENSATION SURVEY IS CARRIED OUT. THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGET HAS THE ULTIMATE APPROVAL OF THE OVERALL COMPENSATION OF THE CREDIT UNION STAFF. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | FINANCIAL STATEMENTS ARE POSTED EACH MONTH IN EACH BRANCH, REPORTED ON THE CALL REPORT AND ALSO MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | UNREALIZED GAIN/(LOSS) 600,085. TOTAL TO FORM 990, PART XI, LINE 5: 600,085. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGES IN NET ASSETS OR FUND BALANCES: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART XI, LINE 5: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PART XII, LINE 2C: |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | CA |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | CA |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 333 S HOPE STREET |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | LOS ANGELES |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | CA |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 90071 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | TOM MCGANN DIRECTOR OF FINANCE |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 2138307802 |
| IRS990/TotalAssets/BOY | 0 | 100969476 |
| IRS990/TotalAssetsBOY | 0 | 100969476 |
| IRS990/TotalAssets/EOY | 0 | 95173364 |
| IRS990/TotalAssetsEOY | 0 | 95173364 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalExpensesCurrentYear | 0 | 6165073 |
| IRS990/TotalExpensesPriorYear | 0 | 6389718 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 6165073 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 45028 |
| IRS990/TotalLiabilities/BOY | 0 | 92276759 |
| IRS990/TotalLiabilitiesBOY | 0 | 92276759 |
| IRS990/TotalLiabilities/EOY | 0 | 86977921 |
| IRS990/TotalLiabilitiesEOY | 0 | 86977921 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 100969476 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 95173364 |
| IRS990/TotalNbrEmployees | 0 | 34 |
| IRS990/TotalNbrVolunteers | 0 | 11 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 8692717 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 8195443 |
| IRS990/TotalOtherCompensation | 0 | 38685 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceRevenue | 0 | 4093402 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 230507 |
| IRS990/TotalRevenueCurrentYear | 0 | 5067714 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 0 |
| IRS990/TotalRevenuePriorYear | 0 | 6451604 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 5022686 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 5067714 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 45028 |
| IRS990/TransactionRelatedEntity | 0 | 0 |
| IRS990/Travel/Total | 0 | 42658 |
| IRS990/TypeOfOrganizationOther | 0 | X |
| IRS990/TypeOfOrgOtherDescription | 0 | CREDIT UNION |
| IRS990/UnrelatedBusinessIncome | 0 | 1 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.PRCU.ORG |
| IRS990/WhistleblowerPolicy | 0 | 1 |
| IRS990/YearFormation | 0 | 1936 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 951768315 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | PACIFIC RESOURCE CREDIT UNION |
| ReturnHeader/Filer/NameControl | 0 | PACI |
| ReturnHeader/Filer/Phone | 0 | 2138307802 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 333 S HOPE STREET CONCOURSE LEVEL |
| ReturnHeader/Filer/USAddress/AddressLine2 | 0 | C-140 |
| ReturnHeader/Filer/USAddress/City | 0 | LOS ANGELES |
| ReturnHeader/Filer/USAddress/State | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 90071 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $95,173,364
- Liabilities
- $86,977,921
- Net assets
- $8,195,443
- Revenue
- -
- Expenses
- $6,165,073
- Net income
- -